65,420 Shares in Dave & Buster’s Entertainment Inc (PLAY) Purchased by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. acquired a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 65,420 shares of the restaurant operator’s stock, valued at approximately $4,332,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of Dave & Buster’s Entertainment by 81.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock valued at $188,258,000 after buying an additional 1,272,203 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 37.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,191,125 shares of the restaurant operator’s stock valued at $78,876,000 after buying an additional 325,346 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Dave & Buster’s Entertainment by 6.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,190,101 shares of the restaurant operator’s stock valued at $78,808,000 after buying an additional 68,181 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dave & Buster’s Entertainment by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,158,647 shares of the restaurant operator’s stock valued at $76,724,000 after buying an additional 25,111 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in shares of Dave & Buster’s Entertainment by 35.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,071,486 shares of the restaurant operator’s stock valued at $51,003,000 after buying an additional 277,922 shares during the last quarter.

NASDAQ:PLAY opened at $53.63 on Thursday. Dave & Buster’s Entertainment Inc has a 52 week low of $37.85 and a 52 week high of $67.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. The stock has a market cap of $2.12 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The firm had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. During the same period last year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Dave & Buster’s Entertainment Inc will post 2.85 EPS for the current fiscal year.

In related news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $59.80, for a total value of $119,600.00. Following the sale, the senior vice president now directly owns 3,671 shares in the company, valued at approximately $219,525.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $65.63, for a total value of $656,300.00. Following the completion of the sale, the chief operating officer now owns 18,563 shares in the company, valued at $1,218,289.69. The disclosure for this sale can be found here. Insiders have sold a total of 148,600 shares of company stock worth $9,306,183 over the last 90 days. Insiders own 3.40% of the company’s stock.

A number of equities analysts have weighed in on PLAY shares. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Canaccord Genuity lifted their price objective on Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Jefferies Financial Group raised their target price on Dave & Buster’s Entertainment from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, August 27th. Wells Fargo & Co raised their target price on Dave & Buster’s Entertainment from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Finally, William Blair restated a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, August 17th. Fourteen research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $69.82.

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Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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